BigCommerce Holdings, Inc. (NASDAQ:BIGC) Given Average Rating of “Hold” by Analysts

Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) have been given an average recommendation of “Hold” by the eight analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $10.25.

A number of equities research analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of BigCommerce in a research note on Tuesday, January 30th. Bank of America reaffirmed an “underperform” rating and issued a $7.50 price objective (down from $11.00) on shares of BigCommerce in a research note on Monday, March 25th. Barclays cut their target price on shares of BigCommerce from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Monday, April 15th. Piper Sandler cut their target price on shares of BigCommerce from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, February 23rd. Finally, Morgan Stanley cut their target price on shares of BigCommerce from $10.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. AXQ Capital LP bought a new position in shares of BigCommerce in the third quarter valued at $110,000. Tower Research Capital LLC TRC lifted its stake in shares of BigCommerce by 719.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,178 shares of the company’s stock valued at $109,000 after buying an additional 9,814 shares in the last quarter. Versor Investments LP bought a new position in shares of BigCommerce in the fourth quarter valued at $129,000. Counterpoint Mutual Funds LLC bought a new position in shares of BigCommerce in the third quarter valued at $132,000. Finally, Dakota Wealth Management lifted its stake in shares of BigCommerce by 24.6% in the third quarter. Dakota Wealth Management now owns 23,023 shares of the company’s stock valued at $227,000 after buying an additional 4,547 shares in the last quarter. 79.21% of the stock is owned by institutional investors.

BigCommerce Trading Up 0.7 %

NASDAQ:BIGC opened at $5.80 on Wednesday. The firm’s fifty day moving average is $7.17 and its 200-day moving average is $8.35. The company has a debt-to-equity ratio of 13.30, a quick ratio of 4.83 and a current ratio of 4.83. BigCommerce has a 52 week low of $5.72 and a 52 week high of $12.75. The firm has a market cap of $444.28 million, a P/E ratio of -6.74 and a beta of 0.80.

BigCommerce Company Profile

BigCommerce Holdings, Inc operates a software-as-a-service platform for enterprises, small businesses, and mid-markets in the United States, North and South America, Europe, the Middle East, Africa, and the AsiaPacific. The company provides a platform for launching and scaling an ecommerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integration into third-party services.